Bundesbank President Jens Weidmann has warned against ignoring the uncertainty surrounding future price developments. “We also need to keep an eye on the risks to the price outlook. In my view, the risks are tilted to the upside right now,” he said at the Bundesbank symposium “Banking supervision in dialogue”.

The Bundesbank has been directly confronted with the fallout from the devastating floods that hit North Rhine-Westphalia and Rhineland-Palatinate in mid-July. It is analysing and replacing soaked and damaged banknotes in a process allowing affected inhabitants to be reimbursed with the value of their damaged cash. Bundesbank Executive Board member Johannes Beermann visited the National Analysis Centre for Counterfeit and Damaged Banknotes and Coins in Mainz for an update on the progress made so far.

Der gewichtete Indikator der Kreditfinanzierungskosten für neue Kredite an Unternehmen blieb mit 1,47 % weitgehend unverändert; der entsprechende Indikator für neue Wohnungsbaukredite an private Haushalte wies mit 1,32 % keinerlei Veränderung auf.